Question 17
Question 17 of 30
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
1. Basic economic ideas a...
1.6. Classification of goods and se...

nature and definition of public goods

3. Government microeconom...
3.1. Reasons for government interve...

addressing the over-consumption of demerit goods and the under-consumption of merit goods

7. The price system and t...
7.4. Private costs and benefits, ex...

positive and negative externalities of both consumption and production